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Expanded Flat or Irregular Flat Pattern - Forex Trading

Expanded Flat or Irregular Flat Pattern

Expanded Flat or Irregular Flat Pattern
Expanded Flat or Irregular Flat Pattern

Description

This is a common special type of Flat. Here the B wave is extended and goes beyond the (orthodox) end of the previous impulsive wave. The strength of the B wave shows that the market wants to go in the direction of B. Often a strong acceleration will take place, which starts a third wave or an extended fifth. If the C wave is much longer then A, the strength will be less.

Rules and guidelines

It is composed of 3 waves. • Wave C is an impulse, waves A and B are corrective. • Wave B retraces beyond the end of the previous impulse, which is the start of wave A. The C wave normally is much longer then A.

In which wave

This corrective pattern can happen in 2, 4, B and X. If it happens in 2 and C is relatively short, normally an acceleration in the third will take place.

Internal structure

It is composed of five waves, which have an internal structure of 3-3-5.

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